What Is Dego Finance
Launched in 2020, Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem. Any user is allowed to launch an NFT and initiate mining, auctions and trading, covering the entire lifecycle of the product.
Dego’s NFT protocol is a cross-chain, second-layer infrastructure for Blockchain projects that can be leveraged for user acquisition and token distribution. Dego uses a modular combination design concept that combines various elements of a product to form subsystems with specific functions.
The live Dego Finance price today is $8.18 USD with a 24-hour trading volume of $29,742,700 USD. Dego Finance is down 21.10% in the last 24 hours. The current CoinMarketCap ranking is #402, with a live market cap of $70,372,634 USD. It has a circulating supply of 8,607,383 DEGO coins and a max. supply of 21,000,000 DEGO coins.
Dego Finance Facts
| Frontier | Facts |
|---|---|
| Defi Coin Name | Dego Finance |
| Short Name | DEGO |
| Circulating Supply | 8,607,383.00 DEGO |
| Explore | Click Here To Visit Explore |
| Chat Option | Click Here To Visit Chat |
| Max Supply | 21,000,000 |
| Official Website | Click Here To Visit |
What Makes Dego Finance Unique?
Dego Finance is a stand-alone, open NFT ecosystem where anyone can issue NFTs, initiate mining, auctions and trading. The Dego community can propose and elect ambassadors. The top 10 volunteers who receive the highest number of votes are elected as the Dego ambassadors, who then receive a Dego Ambassador Medal NFT, giving them the right to represent Dego at industry events.
DEGO are ERC-20 tokens are minted via liquidity mining. They serve as the governance and equity token of the Dego ecosystem. Users that hold DEGO can participate in community proposals and voting and receive continuous dividends. DEGO has adopted a fair distribution system with no private placements or pre-mines.
How Many Dego Finance (DEGO) Coins Are There in Circulation?
As of March 2021, Dego Finance (DEGO) has a circulating supply of 8,607,383 tokens with no maximum supply data available.
Cross Chain
They also offers a cross-chain infrastructure to enable Blockchain projects to grow user base, distribute tokens, and develop diverse applications. DEGO is building a Parachain through Substrate, enabling cross-chain NFT asset transfers, combining applications and underlying protocols.
How Is the Dego Finance Network Secured?
Dego Finance has been audited for security by the blockchain security firm Beosin. The Dego algorithm enjoys the immutability features of blockchain technology and pursues an algorithm-first decentralization principle.
Ecosystem
The is a non-fungible token (NFT) ecosystem that supports mining, auctions, and trading using NFT’s. This goes beyond the primary use of traditional NFT’s as it combines decentralized finance(De-Fi), allowing users to further interact with their NFT’s, giving them more value than suppose an art piece.
DEGO’s initial vision was a De-Fi project, but they are now attempting to give NFT’s a broader use case. Their open NFT ecosystem allows blockchain users to interact with NFT’s in an ecosystem that takes care of their entire lifecycle. Users can sell or trade their NFT’s on the open market and use them to “mine” for other tokens, creating a more extensive use case than most traditional NFT’s.
Key Advantages of DEGO Finance
— DEGO introduces an ecosystem that provides value to its NFT’s making it more than a digital art piece
— A community governance and De-Fi application allows users to insight change through the laws of code, hence the NFT-Fi application
–Users who own and stake their NFT’s are eligible for rewards in BOT or DEGO
Where Can You Buy Dego Finance (DEGO)?
The (DEGO) can be traded on the following exchanges:
GigaFactory 2 Release
DEGO’s newest release is a collaboration with NFT auction house, Bounce. Coined “GigaFactory2” users will be able to mine $80k BOT using BOT NFT’s. Users can “cast” – mint– these NFT’s on DEGO’s website for 1 DEGO. The reward is evenly distributed for 30 days after release. There is a pseudo-lock-in period, for NFT’s unlocked in the first 72 hours of staking, 10% of your reward will be deducted.